OIL

10,863 articles

Horse Hill oil discovery sparks fracking fears
Apr 10, 2015 (UPI)
With major oil deposits uncovered in England, an advocacy group said it was concerned about the pace of the fledgling shale industry in the country. U.K. Oil & ...
Wall Street Losing Millions From Bad Energy Loans
Apr 10, 2015 (SPX)
Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from bo...
Saudi role in energy markets is changing
Apr 10, 2015 (SPX)
Saudi Arabia's role in global energy markets is changing, according to a new paper from an energy expert at Rice University's Baker Institute for Public Policy....
Oil jumps as Iran raises new challenge to nuclear deal
Apr 10, 2015 (AFP)
Crude prices jumped Friday to finish a volatile week on a high note after Tehran raised new questions about the nuclear deal that would allow Iranian oil back i...
Apache Corp. unloads Australian subsidiary
Apr 09, 2015 (UPI)
Apache Corp. said it was strengthening its position in the North American market through the $2.1 billion sale of its Australian subsidiary. The company said it...
Saudi demand optimism lifts oil prices
Apr 09, 2015 (UPI)
Prospects for a brief slowdown in U.S. oil production and demand expectations from Saudi Arabia gave oil prices a major lift in Thursday trading. Ibrahim al-Muh...
Gazprom Neft compensated with Iraqi oil
Apr 09, 2015 (UPI)
Russian energy company Gazprom Neft said Thursday it received its first batch of oil from the Badra field in Iraq as compensation for field development costs. T...
China on tap for Iranian 'Peace Pipeline,' report says
Apr 09, 2015 (UPI)
Pakistani officials said they're building a natural gas pipeline that could stretch to Iran with anticipation of financial support from the Chinese government. ...
Iraqi oil producer Gulf Keystone still for sale
Apr 09, 2015 (UPI)
Iraqi oil player Gulf Keystone Petroleum said Thursday it's still in talks about a sale of the company despite significant achievements in the country. The comp...
Breached Yellowstone River pipeline reveals crack
Apr 09, 2015 (UPI)
The damaged section of a pipeline that leaked oil into the Yellowstone River in Montana in January had a 1.5-inch crack at a weld seam, responders said. About 1...
Texas shale durable, report finds
Apr 08, 2015 (UPI)
Shale basins in Texas are outperforming their domestic peers in part because of their proximity to major markets, a report from Bentek Energy finds. A report fr...
Woodside finds more gas offshore Australia
Apr 08, 2015 (UPI)
Australian energy company Woodside Petroleum said Wednesday it made a gas discovery off the country's western coast that's near existing LNG infrastructure. Woo...
Shell takes legal action over Greenpeace protest on rig
Apr 08, 2015 (AFP)
Oil giant Shell filed a legal complaint Tuesday against Greenpeace protestors who have boarded an Arctic-bound oil rig in the middle of the Pacific Ocean, a spo...
Riyadh reasserts oil market influence
Apr 08, 2015 (UPI)
Production commitments from Saudi Arabia, coupled with a low price prediction from the United States, dealt a blow to crude oil prices Wednesday. Saudi Oil Mini...
U.S. rig count down 17 percent from February
Apr 08, 2015 (UPI)
The number of rigs exploring for or producing oil and natural gas in the United States in March was down 17 percent from the previous month, Baker Hughes said. ...
Islamic State revenues hit by lost Iraqi oil fields: report
Apr 08, 2015 (AFP)
The Islamic State group has lost control of "at least three large oil fields" in Iraq, depriving the jihadists of a crucial source of income, a German newspaper...
Iran's oil minister heads to China
Apr 08, 2015 (UPI)
Iran's oil minister arrived Wednesday in Beijing to discuss oil sales, the same week as Iran was admitted as an early member of an Asian investment bank. Irania...
Shell sees leverage with BG grab
Apr 08, 2015 (UPI)
Shell gains leverage in the deepwater and liquefied natural gas market in its Wednesday bid for rival BG Group, a spokesperson for the Dutch supermajor said. Th...
U.S. gas prices continue to drop
Apr 07, 2015 (UPI)
The average U.S. price for a gallon of regular unleaded gasoline continues its steady decline as most refineries return to status quo operations, AAA said. The ...
Energy conference in Norway canceled because of weak market
Apr 07, 2015 (UPI)
Organizers of an energy conference in Norway said they've canceled an event scheduled for August because of low oil prices and too few exhibitors. The ONS Found...
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